Airalo, a Lewes, Del.-based eSIM marketplace for global connectivity, closed a $60m Series B financing round.
The round, which brought total funding to $67.3m was led by e& capital, the investment arm of e&, the global technology group, with participation from Antler Elevate, Liberty Global, Orange, T.Capital, Rakuten Capital, Singtel Innov8, Telefónica Ventures, Sequoia Capital India and SEA’s (now known as Peak XV Partners) Surge, KPN Ventures, and I2BF Global Ventures.
The company intends to use the funds to accelerate growth plans, including expanding its community of millions of users, amplifying its global team, and introducing Airalo Partners—an innovative connectivity solution for businesses and organizations.
Co-founded by Abraham Burak and Bahadir Ozdemir, Airalo is an eSIM store that gives users access to eSIMs for 200+ countries worldwide. The company’s remote-first approach has fostered a diverse team of over 250 professionals in 44 countries. The website and app are available in 22 languages, with plans to expand to 53 in the near future.
FinSMEs
01/08/2023